other material
confidence high
sentiment neutral
materiality 0.30
Cedar Realty Trust reports 2022 distributions classified as nontaxable return of capital
CEDAR REALTY TRUST, INC.
- Common stock total 2022 distribution of $19.586/share, entirely nondividend (return of capital).
- Series B preferred total $1.8125/share, all nondividend distribution for 2022.
- Series C preferred total $1.625/share, also fully classified as return of capital.
- Merger with Wheeler REIT completed Aug 22, 2022; common shareholders received $9.48 cash per share.
- Shareholders advised to consult tax advisors on treatment of merger consideration.